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Trump threatens 100% tariff on the BRIC bloc of nations if they act to undermine US dollar (apnews.com)

submitted 3 weeks ago by TheKetchupSong@lemmings.world to c/world@quokk.au

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His threat was directed at countries in the so-called BRIC alliance, which consists of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran and the United Arab Emirates.

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[–] ricecake@sh.itjust.works 2 points 3 weeks ago (1 children)

Sure it's not ideal, but it's a much bigger blow to the US market than to the other markets. We're not the only buyer, just a big one.

Punishing your electorate for buying imported products only makes sense on paper if you have a domestic supply of the product.
For a lot of what's going to be tarifed, prices will just go up and no domestic supply can scale during the life of the tariff, with politicians having to gauge how much they can punish the people who elect them to pressure other nations into doing things they're not going to do regardless.

[–] okamiueru@lemmy.world 1 points 3 weeks ago

Sure it’s not ideal, but it’s a much bigger blow to the US market than to the other markets. We’re not the only buyer, just a big one.

No issues with that more nuanced phrasing.